Boeing Commends Senate Passage Of Russian Trade Relations Bill | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 11.21.14 ** HD iPad-Friendly -- Airborne 11.21.14 **
** Airborne 11.19.14 ** HD iPad-Friendly -- Airborne 11.19.14 **
** Airborne 11.17.14 ** HD iPad-Friendly -- Airborne 11.17.14 **

Sat, Dec 08, 2012

Boeing Commends Senate Passage Of Russian Trade Relations Bill

McNerney: Action 'Offers Enormous Opportunity For U.S. Exports'

Boeing on Thursday commended the U.S. Senate for its approval of legislation previously enacted by the House that establishes Permanent Normal Trade Relations (PNTR) with Russia.

"Today's (Thursday's) action by the Senate sends long-sought legislation to the president's desk that offers enormous opportunity for U.S. exports, economic growth and jobs," Boeing Chairman, President and CEO Jim McNerney (pictured) said.  "We commend Senators Reid and McConnell for bringing legislation already passed by the House to the Senate floor, as well as Senators Baucus, Hatch, Kerry, Thune and McCain for their longstanding support of Russia PNTR." 

Russia is a nation rich in natural resources with a $1.9 trillion economy. In 2011 it imported more than $400 billion of goods and services. It is a growing market that offers significant opportunity for workers in a broad range of American industries – telecommunications, energy, agriculture, chemicals, machinery, medical equipment and aerospace, to name just a few.

Boeing forecasts that Russian airlines will purchase some 900 commercial airplanes over the next 20 years, a market valued at approximately $100 billion.

"We urge President Obama to sign this important legislation without delay," McNerney said.  "Russia has made significant concessions to join the World Trade Organization and the governments of 155 other nations have already normalized trade relations with Russia.  We must do the same to ensure that American exporters and their employees have the same advantages as their foreign competitors when doing business in Russia."

FMI: www.boeing.com

Advertisement

More News

Airborne 11.21.14: AEA's 3Q/14 Report, Fantasy Of Flight, Modernizing The NAS

Also: Holland Wants Gold, FAA Strangling UAVs?, RAF WWII Trainer For Sale, Bf109s Live, Georgia v Aerospace Engineers The Aircraft Electronics Association has released its third-qu>[...]

Aero-News: Quote Of The Day (11.23.14)

"Reaching this stage that we call ATLO is a critical milestone. This is a very satisfying point of the mission as we transition from many teams working on their individual elements>[...]

ANN FAQ: Getting The Most Out Of ANN's Newsletters

ANN goes through a lot of trouble to make the graphics flashy and cool and an integral part of the story. But let's face it, they're bandwidth-intensive. So here are a couple of th>[...]

Air Force Funds Research On Thermal Management Technology For Fighters

Heat Generated By Electronic Systems A Growing Challenge Managing heat that is generated by electronic subsystems in next-generation aircraft is a vexing challenge for aerospace sy>[...]

Raytheon Successfully Demonstrates Airborne Electronic Attack System

Prototype Test Flights Evaluate Integrated Electronic Warfare Capabilities The U.S. Navy and Raytheon successfully demonstrated an end to end, first of its kind, integrated electro>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC